515 Mulberry St Pilot Knob, MO 63663
This exceptional 9,960-square-foot commercial property, located at 515 W Mulberry St in Pilot Knob, Missouri, presents a unique investment opportunity. Built in 1978, the building sits on a one-acre lot and boasts high visibility from Highway 21, ensuring significant foot traffic and brand recognition. Previously operating as a bowling alley, the property retains many of its original features, including ten bowling lanes, a fully equipped kitchen, a bar area, two restrooms, and an office. The substantial square footage offers immense flexibility for a variety of uses, making it ideal for a restaurant, bar, entertainment venue, or other commercial enterprise. The asking price is $275,000, translating to a price per square foot of $27.61. The property's size and location in Iron County, Missouri, zip code 63663, provide ample space for expansion or adaptation to suit a new owner's vision. With its existing infrastructure and prime highway frontage, this property is poised for immediate success. The substantial lot size also allows for potential future development or expansion. This is a rare opportunity to acquire a large, versatile commercial building in a desirable location with significant upside potential. The property is ready for its next chapter, awaiting a visionary entrepreneur to transform it into a thriving business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.